Investing

25 Companies Raising Their Dividends for 25 Years or More

18. PepsiCo
> Yield: 2.9%

PepsiCo Inc. (NYSE: PEP) hiked its dividend in May of 2016, making it the 44th consecutive annual dividend hike. The company has paid consecutive quarterly cash dividends since 1965. In many ways. PepsiCo is broader than Coca-Cola, and it is considered a safe dividend, with or without Federal Reserve policies today.

19. Sherwin-Williams
> Yield: 1.1%

Sherwin-Williams Co. (NYSE: SHW) announced in February 2016 that its dividend hike of a sharp 25% followed 37 consecutive years of dividend increases.

20. Stanley Black & Decker
> Yield: 2.0%

Stanley Black & Decker Inc. (NYSE: SWK) announced in July of 2015 that its hike was the 48th consecutive annual dividend increase for the best known tool-making company.


21. Sysco
> Yield: 2.5%

Sysco Corp. (NYSE: SYY) has paid quarterly cash dividends on its common stock since its founding as a public company in 1970. Since then, Sysco has increased its dividend 46 times. You’d almost wonder why the food giant came under activist investor fire.

22. Target
> Yield: 2.8%

In June of 2015, Target Corp. (NYSE: TGT) announced that its third-quarter dividend will be the 192nd consecutive pay out since October 1967. That was the year it became publicly held. The increase in 2015 marked the 44th consecutive year that Target increased its annual dividend.

23. T. Rowe Price
> Yield: 2.9%

T. Rowe Price Group Inc. (NASDAQ: TROW) announced that its March 2016 dividend marked the 30th consecutive year, since the asset manager’s initial public offering, that it increased its regular annual dividend.

24. VF Corp.
> Yield: 2.3%

VF Corp. (NYSE: VFC) announced in October 2015 that its 16% increase over the previous quarter’s dividend would represent the company’s 43rd consecutive year that its annual dividend has increased.

25. Walgreens Boots Alliance
> Yield: 1.8%

Walgreens Boots Alliance Inc. (NASDAQ: WBA), or just Walgreens before the merger, announced that the dividend payable in June 2016, marks the 334th consecutive quarterly dividend of the predecessor company — more than 83 years. The company said that it has raised the dividend for 40 consecutive years.

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There you have it. These 25 companies have all confirmed dividend hikes without interruption. Many other companies are chronic dividend raisers as well, but these companies seem able or have communicated that they intend to keep raising dividends. Many of them have even said what payout ratios they intend to keep.

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